Director Training and Continuing Education Program
To execute their roles well, training on Corporate Governance (CG) is given to directors prior to assuming office. This is also institutionalized in our MCG and the Charter of the Board. The Board, together with the key officers, also actively attend training programs annually to keep abreast of updates in CG standards and relevant discussions to support their leadership roles in Globe Telecom that cover issues and relevant market trends, new laws, and regulations that can affect the business, sustainability, and CG, among others.
The directors and key officers attended various CG seminars conducted by SEC-accredited CG training providers throughout 2019. On June 28, a couple of key officers participated in a CG seminar series with an esteemed list of speakers conducted by the Philippine Institute of Corporate Directors (ICD), a SEC-accredited CG training provider. Topics discussed during the seminar included culture of innovation and technology, and culture and corruption.
On August 9, members of the Board and the key officers attended the first Integrated CG, RM and Sustainability Summit conducted by the Ayala Group in collaboration with the ICD. The Summit was a whole-day event of CGRM and Sustainability-related plenary sessions and panel discussions. Topics and discussions during the event included the launch of the Group’s Sustainability plans and blueprint, updates from the Securities and Exchange Commission, task force on climate-related financial disclosures (TCFD) and reporting, impact investing, and market trends and sustainability. The afternoon program featured plenary sessions specific to CG, RM, and Sustainability. The CG sessions were on how boards tackle CG trends, priorities, and challenges, and on accountability, stewardship, and value creation. Meanwhile, the RM sessions discussed brand management and reputation risk in times of crisis as well as measuring its impact to organizations and understanding alternative risk transfer solutions. The Sustainability sessions included Morgan Stanley Capital International (MSCI) on sustainability and investors, and a discussion on why integrated reporting matters. Events, collaborations, and partnerships such as this, within the conglomerate, manifest the stronghold of CG in the business’ governance framework. It is crucial to sustain this for the long term such that all members of the Globe community, its partners, and stakeholders are able to benefit from the initiatives and thrust of the CG culture.
An in-house CG seminar was also attended by other directors on November 6, which was conducted by Risks, Opportunities, Assessment and Management (ROAM), another SEC-accredited CG training provider. The seminar program included discussions on SEC- and other CG-related regulatory updates, sustainability reporting guidelines for publicly listed companies, the Revised Corporation Code of the Philippines released this year, ease of doing business and efficient government service delivery act, case studies of recent corporate scandals, economic statistics, Data Privacy Act compliance, and CG global and regional trends for the year.
The attendance of the Board and key officers to the CG training programs and seminars are properly and timely disclosed through posting of the Certificates of attendance and completion on the Globe website, as seen below in this page, and the inclusion of the same in the Company’s i-ACGR. All training programs and seminars attended by the directors and key officers fulfill compliance with the SEC directive for all key officers and members of the Board of publicly listed companies to attend a program on CG at least annually. The 2019 Globe programs, practices, and activities implementing Company policies and standards on employee training and development are also included in the Annual Integrated Report.